Chapter 655: Money Doesn't Equal Power
Tommy Cockline is right, Link really needs theaters. But the Inter Nathan International Cinema Line did not live up to his ideals, so to speak, it was dispensable.
If the price is too high, Link doesn't need to buy it.
"Tommy, you have it, of course you think it deserves more, but for me. I don't have to, so I don't have to pay more than market cap for it. ”
Coklein was noticing that Link not only played movies, but also set up an account for a fund against racial discrimination. This includes funding films and television productions on this anti-discrimination theme. He felt that since Link supported those projects, he had to have a channel for those films and TV productions to be broadcast. And now the vast majority of theaters in the United States don't like those works.
Even if there are theaters willing to show such a movie, they will be under pressure from unknown sources.
And now Link has his own TV station, which can broadcast TV series, but movies don't have a very good channel. The West Hollywood Group's little movie theater didn't play a role at all.
But if you add in the number of screens owned by the International Cinema Line, it's completely different. That would immediately allow Link to have a medium-sized cinema chain right away. Let him really have a little say in the film industry.
Cockeline had expected Link to be enthusiastic about the acquisition. But that doesn't seem to be the case now. In other words, Link doesn't attach much importance to his theater chain.
But he wasn't in a hurry to sell those shares. Although their Cockline family needs capital turnover, the more important reason for selling the Inter Nathan International Cinema is that this cinema chain can't make money. Their family is fading out of the film industry, and since they can't make money, it doesn't help much to keep it.
He pursed his lips and was silent for a while, thinking about it for a while, and said, "Link, three hundred million dollars in cash, I can't convince the rest of the family." $350 million, I think they'll accept that price. ”
Link shook his head and said, "Five million dollars is not much for me." Tommy, I can always throw a barbecue party with 50 million dollar bills. But that's different. Business is business, and value is value. It is a fool to buy a business and pay more than it should be. Its assets are worth $610 million, but its debt ratio is 76%. $300 million, and I've counted the positive impact it has had on me. ”
Coklein pondered for a while, and suddenly said, "Are you interested in the Logo Cinema?"
Link looked up at him and said, "Peugeot Cinemas, do you own a stake?"
"Yes, we own 4.6 percent of it, which is equivalent to $150 million at today's share price. If you are interested. With a 50% premium, I think we can make a deal. ”
Link shook his head and said, "I'm interested, but 4.6% doesn't do much for me, and a premium of 50% doesn't really make it worth it for me." ”
He does have some interest in Peugeot Cinemas, which Catherine has previously proposed to acquire. But he estimates that billions of dollars will be needed to complete the acquisition, and there is a high probability that the acquisition will fail. So he didn't agree to Caitlyn's plan.
If he can get the shares of Peugeot Cinemas offline, Link is also willing to pay a higher price than the market.
But 4.6% is a little too little. If you want to have a certain say in Peugeot cinemas, you must own at least 15% of the shares.
Cockeline understands this, too. But he still has leverage: "Peugeot Cinemas is now losing money for a long time, and the number of moviegoers has been decreasing, and as far as I know, some funds are already planning to sell their shares." ”
"The shooting hasn't subsided?"
"Don't you go online? It's not just the shootings, they're also showing racist ads that turn black and Hispanic people off. Colein shrugged. "Maybe it's a competitor who is playing tricks, and there are always people on the Internet who are promoting these things, and digging out a lot of old black spots. Minorities are quite disgusted with it. Not only is it difficult for the United States to calm down, but other countries are also affected. Now it has stopped expanding. ”
Link thought for a moment and said, "Can you help me convince them?"
"I can give it a try. But there's no guarantee that it will work!"
Coklein had lunch at Mora Manor before leaving. After he left, Link called Catherine, Morris and Snappon separately, asking them to buy shares in Peugeot Cinemas at the same time. But the price can't be too high: "It's less than twenty dollars now, don't go more than twenty-two dollars." Stop above that. ”
With a price set, they will naturally know to act carefully.
After dealing with this matter, Link did not go to Fox either. He put his arms around Jessica on the couch, watched the two children frolicking, and said, "This time, I feel busier than the president." I don't care about anything!"
Jessica smiled and said, "Then hire a manager!"
Link chuckled and said, "It's not finalized yet." Now I don't feel at ease if I have a manager!"
He has money, just because he has cash. His career seems to be big now. But in fact, there is just a foundation. Now the opportunity is rare, if you can't let your career reach a certain level, once you slack off, you may be killed.
Of course, even if his career is killed, he will still be rich. It's just that having money doesn't make him feel secure enough.
Many people think that as long as the United States is rich, it is a big man, including most people in the United States. But in reality, money does not represent status in any country. The representation of status is how much money you can make with this money and how much of the economy you control.
Forbes has a power list. A rich person can be on the list, not because he is richer than others, but because of the influence of his career on the whole society. And the person on the list is not on the list personally, but on behalf of him and his entire interest group.
For example, Bill Gates has been the most powerful person in the world's business community for many years. That's not him, it's Microsoft as a whole, just as the president of the United States represents the United States.
If he didn't have a company as big as Microsoft, he wouldn't be on the list no matter how much money he has.
Of course, many of those conglomerates in the United States are invisible on this list. They didn't come up with the name at all. They own most of the power in the United States, but their personal assets are far less than those of Bill Gates.
Although that power list is a bit empty, for example, the richest man in the United States in the past can usually be ranked in the top ten in the world. In the United States, it can even be ranked below the president and the chairman of the Federal Reserve. That's kind of hilarious.
Of course, Link is also at the top of this power list this year. It's just that he, the richest man, is much lower in power than the richest white man back then. He only ranks thirty-eight in the world power list. There are more than a dozen people in the American business community who surpass him. And of course, their assets cannot be more than that of the richest man in the world.
Regardless of whether that is a realistic ranking or not, it also shows that the United States is not necessarily a world of money. Because if you make money today, you may lose it tomorrow. Careers are different. As long as the root is there, how much depreciation can be slowly recovered.
The deepest roots, of course, are the kind of enterprises that the world can't do without. It's still Microsoft. I don't know how many people are angry with Microsoft, but computers all over the world, including the United States, use Microsoft's operating system, and if Microsoft falls, the whole world doesn't know what will happen.
Bill Gates was also scared by the U.S. government. At the end of the last century, Microsoft's stock price reached a peak, and Bill Gates became the world's richest man. In other words, he is rich enough, and he should be able to do anything. However, the U.S. High Court still ruled that Microsoft had a monopoly. Bill Gates had to gradually dilute his stakes, from more than 40 percent at first, to just over 13 percent in the end.
Because Bill Gates knows very well that if he can't keep control of Microsoft, no matter how rich he is, he will be useless. He owns very little but still controls Microsoft. It's just that he later sold a lot of shares to the Jews, and later even gave the position of president to the Jews, which is regarded as giving Microsoft to the Jewish consortium.
Link felt that it should be an agreement between the two sides.
Why should he be so careful that he even controls the Benihans Group from exceeding a certain market share?
Capturing more markets will certainly make the Beni Hans Group more profitable. But once sued for monopoly, he had only two options. One is to spin off the company, and the other is to divide the interests of Benehans. In fact, no matter what kind of choice, it was quite a ruin to his career.
On top of that, Benehans is not at the level of Microsoft in the past. Once he can't parry, he may not even have a chance to back down like Bill Gates, and he will be kicked out of the Benehans group. He's not white.
But now Link really feels a little tired, not because his body can't stand it, but because he is under too much mental pressure.
He smiled and said, "When we can stabilize, we will take our children to travel the world!"
Jessica's eyes showed distress and said, "But, how can we be considered stable? There is no possibility of staying where you are. She knew that Link's attempt to unite with the Chinese had left him a little sad.
Link laughed, "As long as we don't have to worry about being attacked. It doesn't matter if those ventures are moving forward or backward. ”
The main source of his money is not those companies. Those companies are just to protect his position in the United States, the safety of his money.
This career is his, and the children's career will be handled by them. When the time comes, he will give 50 billion dollars to each child, and if that can't stand, even if he hands over his business to them, it will be in vain.
"Okay, let's go travel the world!"
"I plan to set up banks on all continents outside of Australia. You don't have the money to invest right now. ”
"I'm not like you. Where did you get so much money? Jessica knew that he wanted to be like the Texas Development Bank, where he set up a bank with multiple shareholders, but kept the bank in his own hands. But although she has billions in assets, she doesn't have much cash. "Even if Benehans pays dividends at the end of the year, I can only come up with a maximum of $300 million. ”
Link smiled and said, "Then I'll lend it to you!" you can pay it back at any time, as for the interest, ......" He glanced at the two children and whispered in her ear.
Jessica's eyes widened, and she hammered him twice in shame, saying, "You can't say that!"
Link grabbed her hand and kissed her in the mouth, laughing, "Don't get excited, I'm just kidding!" and I know it's not good for your health. ”